Tessera Defense and Homeland Security Inc.

Tessera Defense and Homeland Security Inc. (MTMV) is a U.S. exploration stage company focused on the acquisition, exploration, and, if warranted, development of prospective oil and gas properties. The company aims to conduct exploration work on its properties to determine if they hold commercially exploitable quantities of oil and gas reserves. Currently, Tessera Defense and Homeland Security Inc. has lease holdings on the North Slope of Alaska and oil and gas production in Oklahoma. The company was incorporated as GD Conference Center, Inc. on June 16, 2006, initially providing telephonic conferencing services in North America. On September 20, 2007, it entered the oil and gas exploration and production business through the acquisition of three farm-out agreements. On October 19, 2007, the company changed its name to "Petrocorp Inc." and effected a five-for-one forward stock split, increasing authorized common stock to 100,000,000 shares at $0.0001 par value. A four-shares-to-each-share-owned (4:1) stock dividend was approved on August 13, 2008. During 2009, the company shifted its emphasis from an international to a U.S.-focused oil and gas company due to world economic conditions and lack of debt/capital financing, disposing of its foreign oil and gas leases/permits. In 2010, the company recorded a $900,865 impairment charge related to its Alaska and Oklahoma oil and gas leases and operations, compared to $639,813 in 2009. On October 25, 2007, its subsidiary, Union Energy (Alaska) LLC, secured tracts 254, 258, and 259 in the North Slope Areawide 2007 Competitive Oil and Gas Lease Sale.